On September 29, 2016, Argentina enacted Law No. 27275 – Law on the Right to Access to Public Information (the “Law”). The Law aims at guaranteeing the full exercise of the right to access to public information, fostering citizen involvement, and transparency of public administration. For such purposes, the following principles are considered: Presumption of […]
On November 16, 2016, Argentina and Switzerland signed a joint declaration about the introduction of a reciprocal automatic exchange of financial information for tax purposes (AEOI). This document, signed by Alfonso Prat-Gay, the Argentinian Finance Minister and Jörg Gasser, the Swiss State Secretary for International Financial Matters, aims at collecting information in accordance with the […]
On November 29, 2016, the Executive Branch issued Decree No. 1206/16 (the “Decree”), which partially modifies Decree No. 895/16, and regulates the Tax Amnesty Regime (Law No. 27,260). This Decree was published in the Official Gazette on November 30, 2016, and entered into force on December 1. First of all, the Decree establishes that the […]
The Argentine Tax Authorities (“ATA”) issued on January 12, 2017 the Resolution No. 3985/17 (published in the Official Gazette on January 12, 2017) which made the Risk Profile System (“SIPER”) official. Through this system, ATA will categorize, control and regulate taxpayers. The first article of the Resolution establishes that the aim is to “optimize the […]
The Argentine Tax Authorities (“ATA”) issued Resolution No. 3986/2017 (published in the Official Gazette on January 13, 2017), introducing a new identification code that will allow the operation of foreign entities that invest in Argentina but do not hold a tax identification number (“TIN”) or an identification code (“IC”). This code, named Foreign Investments Code […]
On March 11th 2016, the Argentine Business Entities’ Controlling Body (Inspección General de Justicia “IGJ”) issued the General Resolution 6/2016 (the “Resolution”) introducing new rules on trust agreements. It should be noted that section 1669 of the Argentine Civil and Commercial Code (“CCC”) establishes the registration of trust agreements with the applicable register. Nevertheless, the […]
On July 22, 2016 Law 27,260 was enacted (the “Act”). This Act (i) establishes a National Program for a Historic Amendment to the retirement and pension system (the “Program”), (ii) establishes a wide tax amnesty, (iii) establishes a tax moratorium, (iv) amends the personal property tax, and (v) creates a committee for a deep tax […]
On July 28, 2016, the Executive Branch issued Decree No. 895/2016 (the “Regulatory Decree”) that regulates Law No. 27,260 (the “Law”) which establishes a wide tax amnesty. First of all, the Regulatory Decree provides that the family members mentioned in the Law need not be Argentine residents. Please remember that the Law establishes that the […]
AFIP issued the regulation for the Tax Amnesty Regime (Law No. 27260) by means of General Resolution No. 3934 – issued on August 23, 2016 – thus supplementing AFIP General Resolution No. 3919 – issued on July 28,2016 – (the “Regulation”). First, the Regulation clarifies that the enactment day of Law No. 27260 (the “Law”) […]
The Ibero-American Multilateral Agreement on Social Security (the “Agreement”) entered into on November 10, 2007, in Santiago de Chile, as well as its implementation agreement entered into in Madrid in 2008, both became effective in Argentina last August 1, 2016. The Agreement is an international legal norm within the framework of the Ibero-American Social Security […]
Freedom of contract under the Argentine Civil and Commercial Code Section 1197 of the Argentine Civil Code – in force until August 2015 –set forth the concept of freedom of contract (self-regulation), indicating that everything agreed in contracts constitute a rule for the parties which should be treated as the law itself. Now, the Civil […]
You probably hit the ground running when expanding overseas, rather than worry about the small stuff; and focus on delivering to your customers. So, how should you handle company incorporation, HR, payroll, accountancy and tax obligations? It would be wonderful if there was a “one size fits all” approach when you expand overseas but unfortunately, […]